Filed Under:,

Free Anti-Money-Laundering Training Now Available Online

The National Association of Independent Life Brokerage Agencies (NAILBA) has announced that its free Anti-Money-Laundering (AML) training program is now available online through its two Web sites - www.nailba.org and www.AgentResources.com.

The AML training program was developed by LIMRA International in response to new U.S. Treasury Department rules and the USA Patriot Act. Under the rules, insurance producers who sell products that accumulate cash value or have an investment component must be trained to understand and detect possible money-laundering activities.

As agents log on to the NAILBA/LIMRA training program, they will be presented with a status page of all pending requirements for each company they represent.